Best Buy Adds Muscle to BICEP's Climate Efforts

Best Buy Adds Muscle to BICEP's Climate Efforts

Best Buy has joined 15 other companies already pushing for climate and energy legislation as part of the BICEP coalition.

Now 16 members strong, Business for Innovative Climate and Energy Policy (BICEP) has been using its set of nine principles to call for U.S. legislation that creates a national renewable energy standard, sets short- and long-term greenhouse gas reduction targets and establishes a cap-and-trade system with 100 percent auction of carbon allowances, among other points.

The growth of BICEP's ranks comes a week after another group of businesses pushing for climate legislation lost some members.

Earlier this month, BP America, Caterpillar and ConocoPhillips said they would not renew their membership in the U.S. Climate Action Partnership (USCAP), which now includes 28 companies and environmental groups like Shell, Dow Chemical, DuPont and Duke Energy.